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Behavioral Finance (by KC):

I admire your enthusiasm for your subject topic of interest. For the record, however, I have never claimed to be an "expert", neither here nor anywhere else. Frankly, I'm always a bit distrustful of self-appointed "experts", myself. I claim only the benefit of nearly 30 years of experience, ownership and observations with timeshares --- my basis for voluntary forum input is no more and no less than that. Whether that makes me an "expert" is for others to decide on their own and certainly not for me to proclaim. I never have, never will.

I have no doubt that there is merit in "Behavioral Finance". That said, I also have little doubt that the demographic which would most benefit from any of the enlightenment provided therein is also the exact same demographic LEAST likely to ever read it or learn from it. I'd love to be dead wrong, but my sense is that we now live in a society where an "entitlement mentality" has somehow generally come to prevail. I don't yet see any trend away from that phenomenon, but still look forward to a day when the "wealth without work" expectation mentality is dead and gone and replaced with the "universal law of the harvest", in which we reap (and expect to reap) ONLY what we actually sow and tend...